AventaMed
Company

Last deal

Amount

Venture - Series Unknown

Stage

02.08.2019

Date

3

all rounds

$3.58M

Total amount

date founded

Financing round

General

About Company
AventaMed is a medical device company focused on improving patient care and reducing healthcare costs.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2013

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The start-up, which emerged from the Cork Institute of Technology's 'MEDIC' research center, has developed the Solo Tympanostomy Tube Device (Solo TTD), a medical device that simplifies surgical procedures and reduces healthcare costs by allowing ear tubes or grommets to be inserted in children without requiring general anesthesia. The device is designed to treat recurring ear infections and hearing loss in both children and adults, making it a valuable addition to the medical industry.
Contacts

Contact Email

Phone number

Social url

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M&A Details
1

Transaction name

Acquired by

Karl Storz

announced date

07.02.2023

Financials

Funding Rounds
6
3

Number of Funding Rounds

$3.58M

Money Raised

Their latest funding was raised on 02.08.2019. Their latest investor MedTech Innovator. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
02.08.2019
1
18.10.2017
1
$2.12M
Local Amount - EUR 1.8M
15.07.2016
1
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Co-Investors
Investors
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2

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Number of investors

Investor 
Lead 
Round 
Partners 
No
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No
Venture - Series Unknown
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People

Founders
2
Olive O'Driscoll
Olive O'Driscoll

Olive O'Driscoll

Olive is a biomedical engineer with 14 years medical device experience in industry, academia and the NHS. She is an inventor of several medical devices, one of which was successfully licensed in 2013. Olive has held key management position in multi-nationals and a VC backed Start-up Company and has led, designed and managed international clinical trials with more than 15,000 patients in 200 countries. She has worked as a field based research engineer and was a member of a large sales force in the EU responsible for launching cardiovascular medical devices. Olive also has excellent commercial, clinical, R&D and regulatory medical device experience and a wide network of international clinical and commercial contacts.

current job

AventaMed
AventaMed

organization founded

1

Olive O'Driscoll

John Vaughan
John Vaughan

John Vaughan

John is a Biomedical Design Engineer with over 12 years industry experience. He graduated from the University of Limerick in 2002 with a first class honours degree. He has worked in both large multinational medical device companies and smaller academic research centres. He has led numerous projects as principle design engineer from concept through to worldwide commercialisation. Within his current academic role he has patented numerous ENT technologies one of which was licensed from the institute in 2013. John is the principal inventor and design engineer of the AventaMed technology.

current job

AventaMed
AventaMed

organization founded

1

John Vaughan

Employee Profiles
5
Olive O'Driscoll

Olive O'Driscoll

Founder and Director

Keith Jansen

Keith Jansen

President and CEO

Gokhan Guner

Gokhan Guner

Angel Investor

John Vaughan

John Vaughan

Chief Technical Officer

Activity

Recent News
0